v3.26.3
Loss and Loss Adjustment Expense Reserves (Tables)
9 Months Ended
Sep. 30, 2026
Loss and Loss Adjustment Expenses Reserves [Abstract]  
Schedule of Liability for Unpaid Claims and Claims Adjustment Expense
Activity in the loss and loss adjustment expense reserves is summarized as follows:
September 30,
(millions)20262025
Balance at January 1$43,310 $39,057 
Less reinsurance recoverables on unpaid losses3,807 4,487 
Net balance at January 139,503 34,570 
Incurred related to:
Current year44,839 40,922 
Prior years(1,536)(1,068)
Total incurred43,303 39,854 
Paid related to:
Current year23,579 21,904 
Prior years16,033 14,228 
Total paid39,612 36,132 
Net balance at September 30
43,194 38,292 
Plus reinsurance recoverables on unpaid losses3,592 3,813 
Balance at September 30
$46,786 $42,105